New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-28
yoNFy tND BUSINESS.

A decline Of ST go. 100 in specie and S's6.-
600 in legal tender. held by Ic Ncw-l orb
lanl,s is due first 10 the operations OF The
Treasury. which has taken in tJ.JOO.uOo Eoiu
certificate. within tho past week, while putting
out $4,000 more silver no'c- thah 4" hi'
added to the silver in vaults. and sccond' 10
tho sbipmcn; Of 81 % 900 gold to Berlin. Inc
ABSORPTION Of gold by the Treasury since RCD
ruary j. has teen So 100000, and IN the same
tvo weeks il has taken IN more silver and legal
tenders than it nus paid ont. so that the state
,ncnt of Saturday docs not show the iul loss
If the banks. The increase OF loans. ; 81
900 in ,hat time h. likely 10 bc followed 10y a
contraction unless Treasury movements mate
rally change. On the first OF March call Tor
Sl35s7 900 natures. Tut IT has been largely
auiicipatcd under the offer 70 redeem the called
bonds when presented. Since the call Wa>
,ssucd the banks nave surrendered 81. 100000
of the three PER cents. including TZ,4'e, 300
la.t week. changes in four and four and "a hall
,cr cents having about balanced each other.
Another call viii mature April !, which can
also lie anticipated, but the operation bring
little money into the market. most Of The bonds
icing held by bank, which deposit nearly all
their value to redeem circulation surrendered.
The outgo OF gold has not yet been of a
character TO indicate settlement Of trade ba.-
apcos but results from liquidation Of foreign
operations in American securities and it is no.
yet possible 20 Judge whether it viii become
large or not. The state OF foreign trade APP
pcars 10 favor exports not smaller than those
which began with an outgo Of s.. 100000 gold
in February Of last year. for exports Of mcr-
chandse have become smaller while imports
continue larger than for corresponding weeks
last year. In four weeks imports Mt New
York have been 81 pei cent larger than last
wear. while exports for three weeks Of February
have been II per cent smaller. and it is noticed
hat while the outward movement Of cotton,
wheat and provisions in January was larger by
%l5 900 600 than in 1856, the aggregate Of
remaining exports was smaller. Reports from
principal ports for February 80 far Indicate an
incrcae Of about 5000 bales in exports of
cotton compared with lat year. about :, 100. 900
bushels of wheat and 10000 barrels -four. and
! 600 900 pounds bacon. against n decrease
Of ,775,OO0 bushels corn and $4,000 pounds
lard. At the same rate the increase in larger
items for the whole month would not exceed
3 600 600, and if there should he n decrease
a, in January, in the remaining exports. the
balance on trade accounts TO he settled by OK
morris Of gold would I've larger than il was n
year ago. imports having increased But tho
coursc of foreign dealings in American sccur-
tiles. which may exercise controlling in
fucncc. cannot be predicted.
Notv outstanding the depression near the clio
Of the week, stocks averaged shade higher at
tho close than the week tcfoc. and il WA
,boncht for some days that there was more buy
ing than selling on foreign account. Broadly
il might he said that German elections put
prices up, and Congress put them down, for tho
later Encouragement was attributed to Con-
pressiona action in the Pacific Railroad mat
Ter and TO tho doubts of railroad managers
respecting the effects Of the Interstate bill
Tho more tho latter measure is discussed, tho
moro railroad men see that tho value Of great
properties must depend to an unplcas-
ant extent upon tho selection Of Commissioners
and tie construction of the law adopted by
them and by tho courts. Minnesota has